Rockingham (postcode 6168) is a settled mid-to-large suburb in Western Australia within the Rockingham local government area. The area has roughly 15,312 residents and an older-leaning population, with a median age of 49. Households earn a median income of $61K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Scottish.
Median house prices in Rockingham stand at $605,000, having surged by 26.4% over the last twelve months. Units have a median price of $400,000 (+33.3% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,517.
Rockingham is served by 9 schools, including 3 primary, 2 secondary, 1 combined, 3 special. The average ICSEA score is 986, which is around the national average of 1,000. Public transport access includes 1 rail station, 126 bus stops. Healthcare facilities include 2 private hospitals.
On the investment side, The gross rental yield works out to roughly 5.4%, which reads as high yield. Property prices sit below the state median ($605K/$951K), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +26.4% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.